FreedomPay has announced that it has entered into a global technology project and support partnership with Vista Technology Services (Vista). The three-year partnership will give FreedomPay immediate access to over 4,000 engineers in over 30 European countries to manage the installation and maintenance of payment solutions from simple to complex across the region. The agreement provides an on-site – enhanced and personalised – 24/7 service to FreedomPay customers. Vista will provide fully P2PE compliant warehousing and logistics designed to maintain a full ‘chain of custody’ throughout the delivery, installation, and maintenance lifecycles of FreedomPay’s payment platform systems...Read More
Kabbage, the AI-based small business loans platform backed by SoftBank and others, is adding more firepower to its lending machine: the Atlanta-based startup has secured an additional $200 million in the form of a revolving credit facility from an unnamed subsidiary of a large life insurance company, managed and administered by 20 Gates Management, and Atalaya Capital Management.Read More
FreedomPay, the leading global consumer-centric commerce payments platform, today announced an extension and expansion of its five-year partnership with Agilysys, a leading global provider of next-generation hospitality software solutions and services, with a goal of building upon an already successful partnership to increase the market presence and business success for both companies…Read More
US online banking platform Azlo and online small business lender announced the launch of Mission Street Capital, a new program that provides small businesses banking with Azlo access to loans through Kabbage up to $250,000. Azlo focuses on simplifying banking services for businesses and has no physical branches, which allows it to serve small businesses regardless of location, including those in remote and under-served communities. In partnership with Kabbage, Mission Street Capital will provide Azlo customers, including businesses with thin credit files, gig-economy business owners and fast-growing small businesses, a fully digital solution that enables access to working capital whenever and wherever it is needed...Read More
Kabbage, Inc., a cash flow technology and automated lending platform for small businesses, has formed a strategic alliance with New York’s largest contractor association, the Building Trades Employers’ Association (BTEA), to provide access to fast and flexible small business funding for BTEA members through the Kabbage® platform. The alliance will support women and minority-owned business enterprise (WMBE) contractors who often have difficulty accessing the funding required to procure contracts for New York’s largest construction projects...Read More
Loan platform Kabbage — which offers quick assessment and approvals for small business loans using machine learning algorithms that pull data from dozens of sources — has closed another large securitization as it continues to grow its operations. The company said it has closed an asset-backed securitization of $700 million, which it says it the largest transaction of its kind for an online lending platform focused on small businesses...
If you’re like me, you know how annoying it is to have a cashier try to upsell you at the last second in a point of sale. Even if the item would be beneficial to you, the timing might still be off. Sometimes, it just isn’t convenient to inject purchase options when you’ve already made up your mind. FreedomPay looks to help alleviate that feeling while still better utilizing the advertising time and channel provided with DecisionPoint. In short, the DecisionPoint Network is a platform that allows advertisers to buy advertising space from FreedomPay. This would allow paying advertisers to reach millions of consumers on a regular basis in multiple areas. Coupled with the FreedomPay offerings consumers are accustomed to, such as wireless payment conducted with speed and security, a complete payment experience can be had from point of sale through to relevant and targeted marketing practices...Read More